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20130205
20130205
Search Results 0 to 4 of about 5 (some duplicates have been removed)
-may. it effectively suspends the 16- point-four trillion dollar debt ceiling in the meantime. in exchange. the bill requires congress to pass a budget by mid-april or have lawmakers' pay withheld. the budget for 2014 was supposed to be delivered by the president to congress yesterday but insiders say it'll probably be delayed until sometime in march. the u-s justice deparment has filed a civil lawsuit against the "standard and poor's" credit rating agency. the lawsuit accuses s-and-p of ingoring credit risks in order to favor the interests of large investment banks and others. s-and-p and other credit rating agencies have been criticized for giving high ratings to subprime and other mortgage securities. which lost value and contributed to the financial crisis. s-and-p officials denied any wrongdoing. according to a new study chicago has one of the most unpredictable commutes in the nation. the new study, called the "urban mobility report" recommends quadrupling the amount of time you should give yourself for your commute. researchers say if you plan your drive expecting normal levels of traffic you
the board cuts part of the deal that was made, the debt ceiling debate of 2011. republicans say it is now time for the president to do something. >> this week, i'm pleased to join my leadership in putting forward the require a plan act that will say to the president two specific things. put a budget in place that balances with a continue-year period of time, but if you don't, tell us when it does. tell us when your plan balances. families and businesses across the great nation must work on a balanced budget. they can't borrow and spend as far as the eye can see. this president, it's time for him to step up, put forward a balanced budget or tell us when his budget will balance. >> for more on what we expect to hear from the president, we want to bring in my colleague and friend, john king in washington. john we know the president will try to kick the can forward here, talk about the need for revenue, as well as spending cuts but not deep cuts that everybody's concerned. what do we expect? >> a familiar haunt for both of us, the white house briefing room. using the power of the presidency t
resolution and postponed debt ceiling decision. which shouldn't be a decision. and all you have been hearing from the majority in the house and the republicans in the senate is austerity, austerity, cuts, cuts and avoiding the whole discussion of the fact that those -- that attitude and philosophy is only going to worsen the economy if the sequestration goes through, that is 660,000 jobs lost the first year and the balancing act is about creating revenue and creating revenue from sources that should be on the table, but aren't being discussed on the table. balancing act is about investment in this term with jobs, education, r&d's in order to grow and stin the recovery we are on. investment in this term. and we all recognize the deficit is an issue, but an issue over a long-term and the balancing act by repealing sequestration, creates for us in this country an opportunity to continue to recover and stabilize our economy, invest in things that we need for the future and put on the table revenue that is not there that needs to be part of the revenue generation that we need in order to deal wit
is to raise the debt ceiling so that the american people can be taken care of? as we speak, however, the president has introduced today a short-term fix to avert the sequester. the democrats have offered a way of avoiding the sequester. we have nothing from the republicans except a resolution that says a request for a plan. the very plan that the president knows by law he's going to submit as long as he knows what is the amount of money we have to work on and of course the budgeting process is going through the house, the chairman of the budget, mr. ryan, the ranking member of the budget, mr. van hollen. we all know the regular order. we are going to do our work. but putting us on the floor today and ignoring what we should be doing, i'm saddened that my amendment that indicated i wanted to make sure that the most vull vulnerable in any budget, -- vulnerable in any budget, 21% of our nation's children, i wanted to have a sense of congress that whatever we did we would not do anything to harm these vulnerable children who to no fault of their own -- through no fault of their own may
Search Results 0 to 4 of about 5 (some duplicates have been removed)